欧洲股市周五收盘小幅走低，在周三创下数十年新高后的第二个交易日有所回落，因为市场继续评估企业的最新发展和欧洲央行即将降息的幅度。斯托克50指数下跌0.2%，收于5063点，斯托克600指数下跌0.1%，收于523点。理事会成员施纳贝尔表示，央行应该对6月以后的降息持谨慎态度，这与拉脱维亚同行哈萨克人昨天的言论相呼应，并抑制了股票投资者对较低利率的乐观情绪。瑞士历峰集团公布强劲销售额并跃升5.3%，提振泛欧指数后，奢侈品行业成为焦点。尽管如此，来自中国的糟糕零售销售限制了对欧元区基准斯托克50指数的影响，爱马仕上涨0.5%，路威酩轩和开云均录得亏损。与此同时，工业巨头西门子和施耐德均下跌1.5%，Prosus和Adyen下跌3%，给科技股带来压力。

European stocks closed slightly lower on Friday, easing for the second session after Wednesday’s multi-decade highs as markets continued to assess the latest corporate developments and the magnitude of incoming rate cuts by the ECB. The Stoxx 50 dropped 0.2% to close at 5,063 and the Stoxx 600 was trimmed by 0.1% to close at 523. Governing Council member Schnabel said the central bank should be cautious about rate cuts beyond June, echoing her Latvian counterpart Kazaks’s remarks yesterday and dampening equity investor’s optimism over lower interest rates. The luxury sector was in the spotlight after Swiss Richemont reported strong sales and jumped by 5.3%, lifting the pan-European index. Still, poor retail sales from China limited the impact on the Eurozone’s benchmark Stoxx 50, with Hermes adding 0.5% while LVMH and Kering both booked losses. In the meantime, industrial giants Siemens and Schneider both retreated 1.5%, while 3% slides for Prosus and Adyen pressured tech shares.

2024年4月，欧元区的年通货膨胀率被确认为2.4%，与3月持平，并保持在近三年来的最高水平。一年前，通货膨胀率高达7%。服务成本（3.7%对4%）和非能源工业品（0.9%对1.1%）有所放缓，而能源价格继续下跌（-0.6%对-1.8%）。另一方面，食品、酒精和烟草的价格涨幅略大（2.8%对2.6%）。与此同时，不包括能源、食品、酒精和烟草在内的核心利率连续第九个月下降至2.7%，为2022年2月以来的最低水平。与上月相比，欧元区的CPI在3月份上涨0.8%后，上涨了0.6%。欧盟委员会在其《2024年春季经济预测》中表示，通胀率下降速度将快于此前预期，2025年将达到2.1%。

Annual inflation rate in the Euro Area was confirmed at 2.4% in April of 2024, the same as in March, and holding at levels not seen in nearly three years. A year earlier, inflation rate was much higher at 7%. A slowdown was recorded in cost of services (3.7% vs 4%) and non-energy industrial goods (0.9% vs 1.1%) while prices for energy continued to decline (-0.6% vs -1.8%). On the other hand, prices of food, alcohol and tobacco rose slightly more (2.8% vs 2.6%). Meanwhile, the core rate which excludes energy, food, alcohol & tobacco, fell for a 9th straight month to 2.7%, the lowest level since February 2022. Compared to the previous month, the CPI in the Eurozone rose 0.6%, after a 0.8% increase in March. In its Spring 2024 Economic Forecast, the European Commission said the inflation is set to fall faster than previously expected and hit 2.1% in 2025.

在欧洲央行董事会成员Isabel Schnabel发表谨慎评论后，欧元从5月15日的五周高点1.089美元跌至1.086美元以下。施纳贝尔表示，欧洲央行在6月以后降息时应小心谨慎。她提到，根据即将到来的数据和新的欧元体系员工预测，6月份的降息可能是合适的，但她强调了6月份之后未来降息的不确定性。然而，在美国，最近的数据显示4月份经济降温，这强化了人们对美联储降息的预期。市场预测显示，2024年欧洲央行降息68个基点，美联储降息46个基点。

The Euro dipped below $1.086, falling from a 5-week high of $1.089 on May 15th, following cautious comments from European Central Bank board member Isabel Schnabel. Schnabel stated that the ECB should approach rate cuts beyond June with care. She mentioned that a rate cut in June could be appropriate based on incoming data and new Eurosystem staff projections, but highlighted the uncertainty surrounding future rate cuts beyond June. In the US, however, recent data showing a cooling economy in April has reinforced expectations for Federal Reserve rate cuts. Market forecasts show 68 basis points (bps) of ECB rate cuts and 46 bps for the Fed in 2024.

欧洲主要股市周五下跌，STOXX 50和STOXX 600均下跌约0.2%，延续了前一天的跌幅。交易员们继续评估货币政策前景，美联储官员的评论表明，利率将在一段时间内保持高位，而在欧洲，欧洲央行成员施纳贝尔表示，央行应对6月之后的降息持谨慎态度。与此同时，来自中国的喜忧参半的数据也影响了投资者的情绪。在盈利方面，历峰集团报告称销售额有所放缓，但该奢侈品集团任命了一位新的首席执行官，这使其股价上涨了6%以上。尽管收益有所下降，Engie仍支持其前景。本周，STOXX 50指数下跌约0.2%，STOXX 600指数上涨0.6%。

Major bourses in Europe were lower on Friday, with both the STOXX 50 and the STOXX 600 falling about 0.2%, extending losses from the previous day. Traders continue to asses the monetary policy outlook, with comments from Fed officials suggesting interest rates will remain elevated for some time while in Europe, ECB member Schnabel said the central bank should be cautious about rate cuts beyond June. At the same time, mixed data coming out of China also weighed on investors' mood. On the earnings front, Richemont reported a slowdown in sales but the luxury group appointed a new CEO, which sent its shares up more than 6%. Engie backed its outlook despite a fall in earnings. On the week, the STOXX 50 is down about 0.2% while the STOXX 600 added 0.6%.